How much Indian banks charge to debit PayPal cheque?

Hi ...

Can anyone pls tell me, if I heve to recieve a cheque from US thru PayPal of 125$ and want to deposit in ICICI bank, then do ICICI will charge me any service charge for da clearence of the cheque? ... if yes then how much ?

... Also, the PayPal cheque will be of which bank ? ..

I'll be recieving thru PayPal for the first time so want to take care that nothin goes wrong due to lack of knowledge / info ..

pls guide me

vishakha

 

Paypal sends you cheque when u withdraw a minimum of 150$, and charge 5$ for this.
Indian banks dont charge you anything , since the cheque is a local bank clearing cheque and comes from citibank.

 

Paypal will issue a check in Indian Rupees from Citibank (paid anywhere in india without any cost). And not bank will change any charges on it. I have experience with ICICI bank, and I am sure they don't change for local INR checks.

 

Hi Amit ..

so i ve to wait till they become atleast 150$ ?

vishakha

 

Banks only charge when the cheque is not in Local Currency

yes, you have to wait for 155$

 

thanks jimkarter

 

Checks from Paypal are drawn on Citibank, and are payable at Par at any Citibank Branch throughout India. So if your city has a Citybank branch, there are usually no charges for local clearing. But if not, then it is a outstaion clearing and some banks do charge.

I know these things better then the webmaster stuff, lol. I am a B.Com .

 

Oh ... hmmmm... will wait till they become 155$ ...

anyways ... thanks

 

you can withdraw when u have 150 .